Invesco Dyn Media Port
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
20.8x P/Sales
ratio
1.8x
P/BV
ratio
3.0x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Media Portfolio seeks investment results that correspond to the price and yield of the Dynamic Media Intellidex Index, a fundamentally-weighted index. Securities shown to po

FUND BASICS
Category Global Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 23, 2005
Assets (mns) $49
Currency USD
Expense ratio 63 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $86,131
Large cap (>$10bn) 49.5%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 25.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SIRIUS XM HOLDINGS INC 5.5 %
ALPHABET INC. CLASS A 5.4 %
SPOTIFY TECHNOLOGY SA 5.4 %
IHS MARKIT LTD. 5.3 %
FACEBOOK 5.1 %
COSTAR GROUP INC 4.4 %
MATCH GROUP, INC. 4.0 %
GRAY TELEVISION INC 3.6 %
TWITTER INC 3.4 %
EW SCRIPPS CO-CL A 3.3 %
Total 45.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 84.4 %
LUXEMBOURG 5.4 %
BRITAIN 5.3 %
BERMUDA 2.6 %
NETHERLANDS 2.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.0% 3.2% 5.5% 12.5% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.94 53%
MSCI EAFE 0.73 27%
MSCI Emg. Mkts. 0.51 22%

Technical Indicators
Recent close $32.50
30d moving avg. $31.63
Annualized volatility 15.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $5,904

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Dyn Media Port ETF based on the alternatives' overlap in portfolio holdings with PBS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PBS Expense: 63 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBS
Ticker Fund
Name
Overlap1
vs PBS
(%)
Expense
ratio
(bp)
Savings
vs PBS
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBS
(%)
SOCL Global X Social Media 26.3 65 -2 4.7 -1.7
PLAT WisdomTree Modern Tech Platforms 23.3 45 18 2.9 -3.5
JHCS John Hancock Multifactor Media & Communications 22.1 40 23 6.3 -0.1
EWCO Invesco S&P 500 Equal Weight Comm. Services 19.9 40 23 8.0 +1.6
XLC Communication Services Select Sector SPDR 18.3 13 50 6.4 +0.1
IEME iShares Evolved U.S. Media and Entertainment 18.1 18 45 6.8 +0.4
FCOM Fidelity MSCI Communication Services 17.9 8 55 5.2 -1.1
VOX Vanguard Communication Services 17.8 10 53 5.4 -1.0
ENTR ERShares Entrepreneur 30 14.8 49 14 4.0 -2.4
PNQI Invesco Nasdaq Internet 14.1 62 1 2.9 -3.5
GIGE SoFi Gig Economy 13.8 59 4 0.5 -5.9
FDN First Trust DJ Internet 13.7 52 11 3.4 -3.0
MILN Global X Millennials Thematic 13.6 50 13 3.0 -3.3
OGIG O'Shares Global Internet Giants 13.5 48 15 1.6 -4.8
IXP iShares S&P Global Comm. Services 12.4 46 17 6.3 -0.0
XWEB SPDR S&P Internet 12.4 35 28 2.2 -4.2
TTTN TigerShares China-U.S. Internet Titans 11.3 59 4 4.0 -2.4
IETC iShares Evolved U.S. Technology 10.8 18 45 4.8 -1.5
IYW iShares US Technology 10.5 42 21 5.2 -1.2
IGM iShares S&P N. American Technology 10.0 46 17 4.6 -1.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco Dyn Media Port
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.4 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.